Energy – Fitch Ratings has revised the Outlook of Rating assigned to S.N.G.N. Romgaz S.A. from ‘Stable’ to ‘Negative’ – Brief

Fitch Ratings has revised the Outlook of Rating assigned to S.N.G.N. Romgaz S.A. from ‘Stable’ to ‘Negative’ and affirmed its ‘BBB-‘ Long-term Issuer Default Rating (IDR)

Societatea Nationala de Gaze Naturale Romgaz S.A. (“ROMGAZ” / “the Company” / “the Issuer”) informs its shareholders and investors that Fitch Ratings Limited (“Fitch”) has revised the Outlook of the Rating assigned to ROMGAZ from ‘Stable’ to ‘Negative’ and affirmed its ‘BBB-‘ Long-term Issuer Default Rating (IDR).

The revision of the Outlook follows a recent similar action on the sovereign rating of Romania, dated December 17, 2024. Thus, the revision of Romania’s sovereign Rating Outlook from ‘Stable’ to ‘Negative’
determines the similar revision of ROMGAZ’s IDR.

Fitch’s Rating Action Commentary reiterated that the Rating “reflects Romgaz’s dominant position in Romania’s natural gas market, upstream production growth potential from the Neptun Deep and Caragele reservoir developments and a conservative financial policy.”

We remind that the first Rating was assigned to the Company by Fitch on May 21, 2024 and it was object of the Current Report published on the capital market on May 22, 2024.

More details about the Rating Action Commentary are available at:
https://www.fitchratings.com/research/corporate-finance/fitch-revises-romanian-romgaz-outlook-tonegative-affirms-bbb-rating-23-12-2024

Source: romgaz.ro

// Enable Bootstrap Tooltips
$(‘[data-toggle=”tooltip”]’).tooltip();

});

The diplomatic daily newspaper Nine O’Clock does not assume responsibility for the information received and published on the public website. The responsibility for the content lies solely with the issuer of the press release.

The diplomatic daily newspaper Nine O’Clock cannot be held accountable for false information transmitted by the recipients of the press releases/announcements.

The diplomatic daily newspaper Nine O’Clock reserves the right not to publish press releases that contain inappropriate expressions or accusations and violations of the rights of other individuals, guaranteed by the Constitution of Romania.

The content of the website www.nineoclock.ro is intended for public information. Copying, reproduction, recompilation, modification, as well as any form of content exploitation from this website are prohibited. The use of the Comments section signifies your agreement to abide by the terms and conditions regarding the publication of comments on www.nineoclock.ro.